Fmr LLC Has $39.10 Million Stock Holdings in Masco Co. (NYSE:MAS)

Fmr LLC lifted its stake in shares of Masco Co. (NYSE:MAS) by 9.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 465,848 shares of the construction company’s stock after buying an additional 40,731 shares during the period. Fmr LLC’s holdings in Masco were worth $39,103,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Innealta Capital LLC acquired a new position in Masco during the second quarter valued at approximately $25,000. Family Firm Inc. acquired a new position in shares of Masco during the 2nd quarter worth $30,000. Capital Performance Advisors LLP bought a new stake in shares of Masco during the 3rd quarter worth $38,000. LRI Investments LLC boosted its stake in Masco by 850.8% in the second quarter. LRI Investments LLC now owns 599 shares of the construction company’s stock valued at $40,000 after buying an additional 536 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in Masco in the third quarter valued at about $43,000. Institutional investors own 93.91% of the company’s stock.

Insider Activity

In other news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the completion of the transaction, the vice president now directly owns 36,980 shares in the company, valued at approximately $2,896,273.60. This trade represents a 50.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Masco Price Performance

Shares of NYSE MAS opened at $81.01 on Monday. Masco Co. has a 1 year low of $62.95 and a 1 year high of $86.70. The stock has a market capitalization of $17.48 billion, a P/E ratio of 21.55, a P/E/G ratio of 2.60 and a beta of 1.23. The company’s 50-day moving average is $81.43 and its 200 day moving average is $76.20. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21.

Masco (NYSE:MAS) last posted its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.08. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 EPS. On average, sell-side analysts expect that Masco Co. will post 4.09 earnings per share for the current year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, November 8th. Masco’s dividend payout ratio is currently 30.85%.

Wall Street Analyst Weigh In

MAS has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. BMO Capital Markets increased their price objective on shares of Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. UBS Group boosted their target price on shares of Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Truist Financial increased their price target on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Barclays boosted their price objective on Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Masco presently has a consensus rating of “Hold” and a consensus target price of $85.96.

Masco Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.